DECENTRALIZATION COMES TO YOUR VIDEO VIEWING EXPERIENCE
Television or viewing content is becoming obsolete. Why? Because internet viewership of entertainment content online has overtaken all the viewership. This means that content creation has to be catered to the needs of the online media. Rightfully so the merits that online content over television cable, media promotions and big content production houses with large financial backing are producing mainstream content for the masses as well as promote different niches of art because of the large masses of audiences that do take part in it as audience, producers, advertisers, service providers, platforms that provide content viewing services.
Videos are available to be viewed on many platforms. Every platform works to provide services for viewers. All these providers have different platforms set up for the viewers to use them as they desire. Though every platform differs from each other, with the different types of content that is available they're bound by different contracts or limitations. Some of these are bound by contracts. Certain production houses or content creators come under the contracts of a few content providing platforms. Major players in the industry have their own exclusive video which means that certain content can be restricted to their exclusive partnering platform. All these platforms offer their services either for free or for they charge for their fees.
As creators of content in the market, they need to monetize their videos. Some platforms use this to make money through advertisements. Platform use the content creators as their employees and some allow the creators to use their platform as a hosting service for a nominal charge.
There is a conflict of the amount of contribution to the revenue distribution among the creators and distributors really is a hindrance to the growth of the market where creator will usually incur losses because of having no voice to complain because of the absence of record keeping of the share of contribution.
THE VERASITY PLATFORM
The veracity platform that would provide for users an end to end suite of products with features like high-end video hosting and distribution technology. Blockchain infrastructure for handling micro transactions. By developing a spark market to develop mechanisms to foster growth for both creators and publishers.
Key features of their platform
- VERA PLAYER- lightweight and adaptable for mobile screens, full HD ready, HTML5 player.
- VERIFIES-on the blockchain of veracity users can be elected to verify the transaction on the blockchain that is a core component of the stability, and legitimacy of the underlying platform.
KEY PRINCIPLES OF VERASITY
- The platform should provide transparency and integrity to the video sharing community
- Viewers should be able to make the best of the attention economy, by selling their attention to the highest bidder.
- Viewers should be able to decide if they wish to receive targeted advertising and if their demographic information can be used for targeting
- Creators should have control of the uploading, monetizing and distribution of their content
ICO
TOKEN- VRA
PreICO PRICE 1 VRA=0.00750 USD
PRICE 1 VRA=0.0075 USD
SOFT CAP- 4,000,000 USD
HARD CAP- 6,245,750,000 VRA
MINIMUM INVESTMENT- 100 USD
THE VERDICT
After all, the players in the market are making sure that the platform is always with the upper hand. Veracity with its incorporation of the blockchain and creator-friendly policies that would allow the creators as well as the audience to have a transparent experience of the video viewing community. However, the difficulties in competing with the already existing big names in the market will be a challenge for veracity to compete with.
Website - https://verasity.io/
Whitepaper - https://verasity.io/documents/verasity_whitepaper_eng.pdf
ANN - https://bitcointalk.org/index.php?topic=3208145
Telegram - https://t.me/verasitychat
Published by - dannywhelan
Profile - https://bitcointalk.org/index.php?action=profile;u=1606458